newkerala.com - brings you latest news, info & entertainment

IMF report says Pakistan's growth threatened by militancy

Islamabad, March 29 ANI | 1 year ago

The International Monetary Fund (IMF) has reportedly said that while Pakistan's key economic indicators were showing modest improvement, the country's growth and investment could suffer because of militancy and crime.

The IMF noted the threat in its country report as it reviewed Pakistan's performance under a 6.7 billion dollars bailout loan package.

According to the Dawn, the report was prepared after a meeting between the IMF team and Pakistani finance minister Ishaq Dar and other officials in Dubai last month to discuss the economic performance, approval and release of the 550 million dollars third installment of the loan.

The report said that for the fiscal year 2014-15, growth is forecast to accelerate to about 3.7 per cent, and will continue to accelerate in the medium term.

The IMF warned in its report that security conditions in Pakistan remain difficult with significant terrorist activity, as well as sectarian violence and urban criminal activity, which could depress investment and growth.